Pegasystems (NASDAQ:PEGA) Stock Gets Price Target Trim from Citigroup

Posted by George Bondi on Oct 16th, 2026

Pegasystems (NASDAQ:PEGA – Free Report) had its price objective decreased by Citigroup from $55.00 to $52.00 in a report published on Tuesday morning,Benzinga reports. Citigroup currently has a buy rating on the technology company’s stock.

A number of other brokerages have also issued reports on PEGA. Rosenblatt Securities cut their price target on shares of Pegasystems from $58.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Loop Capital downgraded shares of Pegasystems from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $55.00 to $25.00 in a research note on Thursday, July 23rd. Citizens Jmp downgraded shares of Pegasystems from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 22nd. KeyCorp lowered shares of Pegasystems from an “overweight” rating to a “sector weight” rating in a report on Wednesday, July 22nd. Finally, Zacks Research raised shares of Pegasystems from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 22nd. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $45.90.

View Our Latest Research Report on PEGA

Pegasystems Stock Up 6.3%

PEGA opened at $35.95 on Tuesday. Pegasystems has a 52-week low of $25.10 and a 52-week high of $68.10. The company has a market cap of $5.91 billion, a P/E ratio of 20.31 and a beta of 0.89. The firm’s 50-day moving average price is $34.80 and its 200-day moving average price is $34.54.

Pegasystems (NASDAQ:PEGA – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). The company had revenue of $420.72 million during the quarter, compared to analysts’ expectations of $427.38 million. Pegasystems had a net margin of 18.66% and a return on equity of 32.21%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share. On average, research analysts anticipate that Pegasystems will post 1.69 EPS for the current fiscal year.

Pegasystems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, October 1st. Pegasystems’s payout ratio is 6.78%.

Insider Activity

In related news, insider Kerim Akgonul sold 7,000 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $36.03, for a total transaction of $252,210.00. Following the sale, the insider owned 104,804 shares in the company, valued at approximately $3,776,088.12. This trade represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dianne Ledingham sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $38.00, for a total transaction of $38,000.00. Following the sale, the director owned 39,280 shares in the company, valued at approximately $1,492,640. This represents a 2.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 53,672 shares of company stock valued at $1,921,657. 48.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Pegasystems during the 2nd quarter valued at about $286,923,000. First Trust Advisors LP raised its holdings in Pegasystems by 44.4% in the 1st quarter. First Trust Advisors LP now owns 2,048,599 shares of the technology company’s stock worth $87,188,000 after purchasing an additional 630,023 shares during the period. Copeland Capital Management LLC raised its holdings in Pegasystems by 26.4% in the 3rd quarter. Copeland Capital Management LLC now owns 1,777,785 shares of the technology company’s stock worth $59,165,000 after purchasing an additional 370,824 shares during the period. Ranger Investment Management L.P. raised its holdings in Pegasystems by 15.6% in the 1st quarter. Ranger Investment Management L.P. now owns 1,052,849 shares of the technology company’s stock worth $44,809,000 after purchasing an additional 141,873 shares during the period. Finally, Sei Investments Co. boosted its position in Pegasystems by 52.9% during the first quarter. Sei Investments Co. now owns 1,052,205 shares of the technology company’s stock worth $44,782,000 after purchasing an additional 363,896 shares in the last quarter. Institutional investors and hedge funds own 46.89% of the company’s stock.

Pegasystems Company Profile

(Get Free Report)

Pegasystems Inc is an enterprise software company that develops applications for customer engagement, business process management and workflow automation. Its software is designed to help organizations manage complex operations, improve customer service and automate decision-making across departments and channels.

The company’s product portfolio includes Pega Platform, a low-code application development and process automation platform, as well as solutions for customer relationship management, customer service, sales automation, marketing, fraud detection and case management.